Globalization and Monocapitalism: 21CENTURY MULTIPOLAR WORLD WARP SPEED MORPHED

http://tagdef.com/monocapitalism 

... Mono-capitalism is an economic system in which the means of production are privately owned & operated for private profit, while wages are paid to employees. Value is determined & expressed largely in terms of treasure & physical assets. Little or no consideration is given to other values, such as human capital, intellectual capital or natural capital.

 

By:

Dr. Terry Rowden

 In "Globalization and Monocapitalism" I ask, “Who is the “real” subject of contemporary global capitalism or as I call it in this paper “monocapitalism”? Monocapitalism, I argue, is driven by the non-dialectical intensification of capitalism in the digital age. Its potential for the appropriation of “aberrant” subjectivities and emerging identity positions is one of the primary differences between previous forms of capitalism and monocapitalism. Constantly at play in monocapitalism is the dynamic relationship between connectedness and individuation. Monocapitalism calls for ever changing configurations of insiders in a world in which internet connectivity has generated a situation in which life changing global celebrity and its accompanying financial benefits may be only one download away. In monocapitalism the forces of capitalism as the globally configured exploitation of marketable differences can be overtly rather than covertly at play. Monocapitalist subjectivity is marked as strongly by the “cosmopolitan” engagement with difference as it is by the desire for bulging bank accounts and runaway profits. In fact, I conclude, the ability to siphon enough resources from the stream of capital to remain outside of its deindividuating grip is the hallmark of monocapitalist counter-culturalism.

Keywords: Capitalism, Digital Age, Connectedness, Celebrity

Stream: Economic Perspectives

Presentation Type: 30 minute Paper Presentation in English

Paper: A paper has not yet been submitted.

---

Dr. Terry Rowden Associate Professor, English Department, College of Staten Island/CUNY New York, New York, USA

I am an Associate Professor of English at the College of Staten Island/CUNY. I am the author of The Songs of Blind Folk: African American Musicians and the Cultures of Blindness (U. of Michigan, 2009) and the co-editor of “Transnational Cinema: The Film Reader” (Routledge 2006). I teach and do research in the areas of globalization studies, world cinema, and black diasporic cultural studies.